Exploration news

The Stena Forth has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling scheduled to commence early in 1Q20.

The exploration well in the Brulpadda prospects encountered 57 m of net gas condensate play in Lower Cretaceous reservoirs.

It will be the first time in Abu Dhabi drone technology has been used to deploy seismic sensors in the search for new oil and gas resources.

The centre will provide geophysical, geological and reservoir technology and support to clients across the Middle East.

The Aberdeen headquartered company’s ‘Active’ technology enhances its FiberLine Intervention (FLI) distributed sensing capability with an add-on package of electronic and optical sensors that capture single-point readings along the wellbore.

The Upside Case estimates are Liquids 283 million bbl and Gas 265.9 billion ft3.

The equipment and service provided by Baker Hughes will support Apache North Sea’s exploration and development activities in the North Sea for the next three years.

Petrobras and CNODC offered the the minimum allowed profit oil of 29.96% for rights to explore and produce oil at the Aram block in Brazil's Santos Basin.

Rystad Energy estimates the discovery to hold recoverable resources of around 70 million boe.

The company’s latest research reveals that the West of Shetland (WoS) area retains the attention of major exploration and production (E&P) players in the region.